Goldgroup Mng Inc (GGAZF) 0.1500 $GGAZF
Goldgroup Consents to Restructuring and Sale by Monarch of Assets and Operations to Cascadia
CNW Group - Fri May 13, 4:00PM CDT
VANCOUVER, May 13, 2016 Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has consented to the restructuring and sale by Monarch Gold Corp. ("Monarch" of substantially all of its assets and operations to Cascadia Goldfields Company Ltd. ("Cascadia". Pursuant to the restructuring and sale, Cascadia assumed the obligations of Monarch in respect of a CAD $2,500,000 loan previously made by the Company to Monarch (see press release on June 18, 2015), which is now overdue, and granted security in favour of the Company over all of the assets and operations acquired by Cascadia. Pursuant to the restructured loan, Cascadia will be obligated to make the following payments:
GGA.TO: 0.19 (unch)
Goldgroup Provides a Corporate Update
CNW Group - Wed Mar 02, 6:48PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) would like to provide a corporate update to three recent developments: (i) Credipresto SAPI de CV SOFOM ENR ("Credipresto" Facility Amendment, (ii) Letter of Intent ("LOI" with Aptus Resources LLC ("Aptus", and (iii) Cerro Prieto Project Update.
GGA.TO: 0.19 (unch)
Goldgroup Signs Letter of Intent to Sell Rights to Contingent Consideration
CNW Group - Tue Jan 26, 5:59PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has entered into a binding letter of intent ("LOI" with Aptus Resources LLC ("Aptus", where Aptus will acquire Goldgroup's rights to the contingent consideration as disclosed in the press release detailing the Caballo Blanco transaction on December 24, 2014.
GGA.TO: 0.19 (unch)
Goldgroup Mining Inc. Amends Credipresto Facility
CNW Group - Wed Dec 23, 3:00PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has entered into an agreement to amend the terms of the outstanding loan facility (the "Facility" to Credipresto SAPI de CV SOFOM ENR ("Credipresto", subject to TSX approval. Javier Reyes, a director of Goldgroup, is a principal of Credipresto.
GGA.TO: 0.19 (unch)
Goldgroup Mining Inc. - Facility Assignment from RMB to Credipresto
CNW Group - Wed Dec 02, 5:47PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that on November 30, 2015, RMB Australia Holdings Limited ("RMB" has assigned their 80% portion of the Company's outstanding $10,000,000 secured medium term loan facility (the "Facility" to Credipresto SAPI de CV SOFOM ENR ("Credipresto", giving Credipresto 100% ownership of the outstanding Facility. Javier Reyes, a director of Goldgroup, is a principle of Credipresto. The outstanding principal amount of the Facility accrues interest, in arrears, at an annualized rate of 15% on the portion of the Facility that is drawn down. The portion of the Facility which is not drawn down accrues interest, in arrears, at an annualized rate at 2% until December 18, 2016. The Facility is available for drawdown through December 18, 2016, the total amount currently drawn down is $7,000,000 with the amount of outstanding principal of approximately $3,400,000. The Company and Credipresto are currently renegotiating the terms of the Facility.
GGA.TO: 0.19 (unch)
Goldgroup Agrees to Extension of Closing Date
CNW Group - Thu Nov 19, 4:03PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that, further to its news release of September 29, 2015, it has agreed with Oroco Resource Corp. ("Oroco" to extend until January 16, 2016 the deadline for the Company to enter into a formal debt repayment agreement with Oroco. The Company will pay Oroco US$25,000 in consideration for the extension. Remaining in place is the CAD$100,000 break fee payable by the Company if the formal debt payment agreement is not signed by the extended agreed deadline.
GGA.TO: 0.19 (unch)
Goldgroup Response to Dyna Legal Claims
CNW Group - Wed Oct 14, 7:35PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has read a news release disseminated by DynaResource de Mexico SA de C.V. ("Dyna" on October 13, 2015 (the "Release". Goldgroup was never notified of the purported court case discussed in the Release, does not recognize any of the claims mentioned therein and is of the belief that such claims are without merit. The Company is reviewing its options and intends to exercise all of its legal rights in order to have the purported judgement discussed in the Release disregarded, set aside or otherwise overturned, and further will seek damages for misrepresentation against Dyna and all relevant parties.
GGA.TO: 0.19 (unch)
DynaResource de Mexico, S.A. de C.V. Awarded Damages of $ 48 M USD Against Goldgroup Resources Inc.
Marketwired - Tue Oct 13, 7:01AM CDT
DynaResource de Mexico SA de C.V. ("DynaMexico", the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, Mexico ("SJG", and the "SJG Project", announces that it has been awarded in excess of $48 M USD (Forty-Eight Million Dollars) in damages from Goldgroup Resources Inc. (the "Goldgroup Damages" on October 05, 2015, by virtue of a Sentencia Definitiva (the "Definitive Sentence" issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), File number 1120/2014. The Definitive Sentence included the considerations and resolutions by the Court, and in addition to the Goldgroup Damages, additional Resolutions were also ordered in favor of DynaMexico (the Goldgroup Damages and the additional Resolutions are together referred to as the "Oct. 5, 2015 Resolution".
Goldgroup Provides Cerro Prieto Update
CNW Group - Tue Oct 06, 9:42PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announced production and sales results for January to September 2015 for the Cerro Prieto project located in the Cucurpe Mining District, Sonora, Mexico, which is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto "North" (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. Cerro Prieto is 52 road kilometers from the regional center of Magdalena de Kino (population 40,000) and 150 kilometers northeast of the city of Hermosillo.
GGA.TO: 0.19 (unch)
Goldgroup Further Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Sep 29, 7:39PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to further amend the payment terms for the US$950,000 outstanding from the two promissory notes issued by the Company to Oroco Resource Corp. ("Oroco" pursuant to terms of the Cerro Prieto property sale (see news release dated September 3, 2013 and August 28, 2015).
GGA.TO: 0.19 (unch)
Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
Marketwired - Mon Sep 28, 8:28PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement (the "Payment Agreement" with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 (payments due before signing of the formal agreement to accrue and be paid at signing), until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears. If the Payment Agreement is not signed by November 16, 2015, or if Goldgroup fails to perform all of its obligations under the Payment Agreement, it will pay the Company a C$100,000 break fee. In a related transaction, the Company has also agreed to sell a total of 6 million of its shares of Goldgroup (the "Shares", at a price of $0.06 per Share to one or more persons introduced by Goldgroup, some of whom may be insiders of Goldgroup. The Company will sell 3 million of the Shares prior to the signing of the Payment Agreement, of which 2.4 million were sold today, and it will grant the purchaser the option to purchase a further 3 million, subject to the Payment Agreement being executed by November 16, 2015 and Goldgroup paying the sums due at the time of execution.
OCO.VN: 0.025 (-0.005)
Goldgroup Fails to Make Payment to Oroco
Marketwired - Wed Sep 16, 7:25PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that it has not received any payout from Goldgroup Mining Inc. ("Goldgroup" of the US$750,000 promissory note due and payable on September 15, 2015. The Company and Goldgroup are currently negotiating the payment of Goldgroup's outstanding indebtedness to the Company. The Company remains confident of obtaining payment in full and of Goldgroup's intentions to honour its indebtedness.
OCO.VN: 0.025 (-0.005)
Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
Marketwired - Fri Aug 28, 7:15PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that it has received 16,500,000 common shares (the "Goldgroup Shares" of Goldgroup Mining Inc. ("Goldgroup" in settlement of the US$4,125,000 promissory note (the "Note" issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Under the terms of the Note, Goldgroup was entitled to pay out the Note by issuing and delivering the Goldgroup Shares in lieu of the cash.
OCO.VN: 0.025 (-0.005)
Goldgroup Issues 16.5 million Common Shares to Oroco Resource Corp. and Promissory Note Update
CNW Group - Fri Aug 28, 6:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has issued 16,500,000 common shares to Oroco Resource Corp. ("Oroco" with respect to the acquisition of the Cerro Prieto project purchased in 2013 (see news release dated September 3, 2013). As part of the purchase agreement, the Company committed to issue 16,500,000 of its common shares or, at its option, pay US$4,125,000 to Oroco on or before August 30, 2015. The Company has elected to issue the common shares as opposed to cash settlement.
GGA.TO: 0.19 (unch)
Goldgroup Announces the Results of its 2015 Annual and Special Meeting of Shareholders
CNW Group - Fri Jul 24, 4:44PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) held its annual and special meeting of shareholders in Vancouver, B.C. on June 16, 2015.
GGA.TO: 0.19 (unch)
Goldgroup Acquires Option to Earn 80% Interest in El Mozo Gold Project in Ecuador
CNW Group - Mon Jul 20, 6:30AM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that it has acquired all of the issued and outstanding shares of 0990718 B.C. Ltd. ("0990718", a private company which holds the option to acquire an undivided 80% right, title and interest in the El Mozo gold project (the "El Mozo Project" in Ecuador.
GGA.TO: 0.19 (unch)
Goldgroup Consents to Restructuring and Sale by Monarch of Assets and Operations to Cascadia
CNW Group - Fri May 13, 4:00PM CDT
VANCOUVER, May 13, 2016 Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has consented to the restructuring and sale by Monarch Gold Corp. ("Monarch" of substantially all of its assets and operations to Cascadia Goldfields Company Ltd. ("Cascadia". Pursuant to the restructuring and sale, Cascadia assumed the obligations of Monarch in respect of a CAD $2,500,000 loan previously made by the Company to Monarch (see press release on June 18, 2015), which is now overdue, and granted security in favour of the Company over all of the assets and operations acquired by Cascadia. Pursuant to the restructured loan, Cascadia will be obligated to make the following payments: GGA.TO: 0.19 (unch)
Goldgroup Provides a Corporate Update
CNW Group - Wed Mar 02, 6:48PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) would like to provide a corporate update to three recent developments: (i) Credipresto SAPI de CV SOFOM ENR ("Credipresto" Facility Amendment, (ii) Letter of Intent ("LOI" with Aptus Resources LLC ("Aptus", and (iii) Cerro Prieto Project Update. GGA.TO: 0.19 (unch)
Goldgroup Signs Letter of Intent to Sell Rights to Contingent Consideration
CNW Group - Tue Jan 26, 5:59PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has entered into a binding letter of intent ("LOI" with Aptus Resources LLC ("Aptus", where Aptus will acquire Goldgroup's rights to the contingent consideration as disclosed in the press release detailing the Caballo Blanco transaction on December 24, 2014. GGA.TO: 0.19 (unch)
Goldgroup Mining Inc. Amends Credipresto Facility
CNW Group - Wed Dec 23, 3:00PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has entered into an agreement to amend the terms of the outstanding loan facility (the "Facility" to Credipresto SAPI de CV SOFOM ENR ("Credipresto", subject to TSX approval. Javier Reyes, a director of Goldgroup, is a principal of Credipresto. GGA.TO: 0.19 (unch)
Goldgroup Mining Inc. - Facility Assignment from RMB to Credipresto
CNW Group - Wed Dec 02, 5:47PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that on November 30, 2015, RMB Australia Holdings Limited ("RMB" has assigned their 80% portion of the Company's outstanding $10,000,000 secured medium term loan facility (the "Facility" to Credipresto SAPI de CV SOFOM ENR ("Credipresto", giving Credipresto 100% ownership of the outstanding Facility. Javier Reyes, a director of Goldgroup, is a principle of Credipresto. The outstanding principal amount of the Facility accrues interest, in arrears, at an annualized rate of 15% on the portion of the Facility that is drawn down. The portion of the Facility which is not drawn down accrues interest, in arrears, at an annualized rate at 2% until December 18, 2016. The Facility is available for drawdown through December 18, 2016, the total amount currently drawn down is $7,000,000 with the amount of outstanding principal of approximately $3,400,000. The Company and Credipresto are currently renegotiating the terms of the Facility. GGA.TO: 0.19 (unch)
Goldgroup Agrees to Extension of Closing Date
CNW Group - Thu Nov 19, 4:03PM CST
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that, further to its news release of September 29, 2015, it has agreed with Oroco Resource Corp. ("Oroco" to extend until January 16, 2016 the deadline for the Company to enter into a formal debt repayment agreement with Oroco. The Company will pay Oroco US$25,000 in consideration for the extension. Remaining in place is the CAD$100,000 break fee payable by the Company if the formal debt payment agreement is not signed by the extended agreed deadline. GGA.TO: 0.19 (unch)
Goldgroup Response to Dyna Legal Claims
CNW Group - Wed Oct 14, 7:35PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has read a news release disseminated by DynaResource de Mexico SA de C.V. ("Dyna" on October 13, 2015 (the "Release". Goldgroup was never notified of the purported court case discussed in the Release, does not recognize any of the claims mentioned therein and is of the belief that such claims are without merit. The Company is reviewing its options and intends to exercise all of its legal rights in order to have the purported judgement discussed in the Release disregarded, set aside or otherwise overturned, and further will seek damages for misrepresentation against Dyna and all relevant parties. GGA.TO: 0.19 (unch)
DynaResource de Mexico, S.A. de C.V. Awarded Damages of $ 48 M USD Against Goldgroup Resources Inc.
Marketwired - Tue Oct 13, 7:01AM CDT
DynaResource de Mexico SA de C.V. ("DynaMexico"
, the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, Mexico ("SJG", and the "SJG Project", announces that it has been awarded in excess of $48 M USD (Forty-Eight Million Dollars) in damages from Goldgroup Resources Inc. (the "Goldgroup Damages" on October 05, 2015, by virtue of a Sentencia Definitiva (the "Definitive Sentence" issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), File number 1120/2014. The Definitive Sentence included the considerations and resolutions by the Court, and in addition to the Goldgroup Damages, additional Resolutions were also ordered in favor of DynaMexico (the Goldgroup Damages and the additional Resolutions are together referred to as the "Oct. 5, 2015 Resolution". Goldgroup Provides Cerro Prieto Update
CNW Group - Tue Oct 06, 9:42PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announced production and sales results for January to September 2015 for the Cerro Prieto project located in the Cucurpe Mining District, Sonora, Mexico, which is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto "North" (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. Cerro Prieto is 52 road kilometers from the regional center of Magdalena de Kino (population 40,000) and 150 kilometers northeast of the city of Hermosillo. GGA.TO: 0.19 (unch)
Goldgroup Further Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Sep 29, 7:39PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to further amend the payment terms for the US$950,000 outstanding from the two promissory notes issued by the Company to Oroco Resource Corp. ("Oroco" pursuant to terms of the Cerro Prieto property sale (see news release dated September 3, 2013 and August 28, 2015). GGA.TO: 0.19 (unch)
Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
Marketwired - Mon Sep 28, 8:28PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement (the "Payment Agreement" with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 (payments due before signing of the formal agreement to accrue and be paid at signing), until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears. If the Payment Agreement is not signed by November 16, 2015, or if Goldgroup fails to perform all of its obligations under the Payment Agreement, it will pay the Company a C$100,000 break fee. In a related transaction, the Company has also agreed to sell a total of 6 million of its shares of Goldgroup (the "Shares", at a price of $0.06 per Share to one or more persons introduced by Goldgroup, some of whom may be insiders of Goldgroup. The Company will sell 3 million of the Shares prior to the signing of the Payment Agreement, of which 2.4 million were sold today, and it will grant the purchaser the option to purchase a further 3 million, subject to the Payment Agreement being executed by November 16, 2015 and Goldgroup paying the sums due at the time of execution. OCO.VN: 0.025 (-0.005)
Goldgroup Fails to Make Payment to Oroco
Marketwired - Wed Sep 16, 7:25PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has not received any payout from Goldgroup Mining Inc. ("Goldgroup" of the US$750,000 promissory note due and payable on September 15, 2015. The Company and Goldgroup are currently negotiating the payment of Goldgroup's outstanding indebtedness to the Company. The Company remains confident of obtaining payment in full and of Goldgroup's intentions to honour its indebtedness. OCO.VN: 0.025 (-0.005)
Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
Marketwired - Fri Aug 28, 7:15PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has received 16,500,000 common shares (the "Goldgroup Shares" of Goldgroup Mining Inc. ("Goldgroup" in settlement of the US$4,125,000 promissory note (the "Note" issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Under the terms of the Note, Goldgroup was entitled to pay out the Note by issuing and delivering the Goldgroup Shares in lieu of the cash. OCO.VN: 0.025 (-0.005)
Goldgroup Issues 16.5 million Common Shares to Oroco Resource Corp. and Promissory Note Update
CNW Group - Fri Aug 28, 6:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has issued 16,500,000 common shares to Oroco Resource Corp. ("Oroco" with respect to the acquisition of the Cerro Prieto project purchased in 2013 (see news release dated September 3, 2013). As part of the purchase agreement, the Company committed to issue 16,500,000 of its common shares or, at its option, pay US$4,125,000 to Oroco on or before August 30, 2015. The Company has elected to issue the common shares as opposed to cash settlement. GGA.TO: 0.19 (unch)
Goldgroup Announces the Results of its 2015 Annual and Special Meeting of Shareholders
CNW Group - Fri Jul 24, 4:44PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) held its annual and special meeting of shareholders in Vancouver, B.C. on June 16, 2015. GGA.TO: 0.19 (unch)
Goldgroup Acquires Option to Earn 80% Interest in El Mozo Gold Project in Ecuador
CNW Group - Mon Jul 20, 6:30AM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that it has acquired all of the issued and outstanding shares of 0990718 B.C. Ltd. ("0990718", a private company which holds the option to acquire an undivided 80% right, title and interest in the El Mozo gold project (the "El Mozo Project" in Ecuador. GGA.TO: 0.19 (unch)
